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OPEC

Fed minutes signal September rate cut

by Horatio Thompson
Fed minutes signal September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Fed minutes signals September rate cut

by Horatio Thompson
Fed minutes signals September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report …

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China’s oil demand dips, ticks down as economic ebb eases fuel imports

by Walter Watson
China’s oil demand dips, ticks down as economic ebb eases fuel imports

It also cut crude oil imports from Saudi Arabia, its second-biggest supplier, by 6.5 per cent over the two months. For July’s overall crude imports, China reported a 3 per …

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U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs

by Ron Morgan
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs

A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against President Nicolas Maduro’s government in Caracas on July 29, 2024, a day after the …

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Alarm bells for climate as ‘unthinkable’ Opec move sets stage for oil glut

by Walter Watson
Alarm bells for climate as ‘unthinkable’ Opec move sets stage for oil glut

The International Energy Agency forecast this month that global oil capacity in 2030 may exceed demand, which could lead to a bearish trend for oil prices. Opec has not specified …

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China’s oil refiners are slowing down after decades of growth, in a blow to global supply

by Anas Siddiqui
China’s oil refiners are slowing down after decades of growth, in a blow to global supply

China’s decades-long boom in oil processing could falter this year in a blow to global demand and the aspirations of Opec producers seeking to return supply to the market. Oil …

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World faces ‘staggering’ oil glut by end of decade, report says

by Anas Siddiqui
World faces ‘staggering’ oil glut by end of decade, report says

(NewsNation) — By the end of the decade, the world will have more oil than it knows what to do with, according to a new report. Global oil demand will …

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Big Oil given stark warning as a major supply surplus expected by 2030

by Walter Watson
Big Oil given stark warning as a major supply surplus expected by 2030

An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas. Brandon Bell | Getty Images News | Getty Images The International Energy Agency …

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Jet planes are burning fuel like it’s 2019 as the world resumes flying after Covid-19

by Anas Siddiqui
Jet planes are burning fuel like it’s 2019 as the world resumes flying after Covid-19

Coming any minute now to a sky near you: a plane packed with people going on holiday, leaving wispy white contrails in its wake and memories of Covid-19 that seem …

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Nvidia’s new chip, GameStop soars

by Walter Watson
Nvidia’s new chip, GameStop soars

Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 23, 2024 in New York City. Michael M. Santiago | Getty Images This report …

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